Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more, the municipal People’s Committee said on September 4.

According to the Statistics Office, the Index of Industrial Production (IIP) in August is estimated to have climbed by 1.5% from the previous month and 14.4% year on year. In the first eight months of 2026, the IIP increased by 11.9% year on year, the highest growth rate recorded for the eight-month period in many years.

Industrial production in the fourth quarter of 2025 maintained a positive growth trend, with the Industrial Production Index (IIP) estimated to rise 9.9% year-on-year, as businesses stepped up production to prepare goods for year-end consumption and export demand, according to a report by the Statistics Department under the Ministry of Finance.